ZYNGA IPO Flops Today

So much hype with the ZYNGA IPO (ZNGA) in the recent months, you would think that this company would stand on it’s own two legs at the open of today’s market. Wall street Traders punished the stock down 10%.

The the reason for this drop is a matter of speculation. The current fundamental situation of the company is unclear. Of course valuation is based on “perceived” future earnings of the company and for some reason, the street just doesn’t understand it.

I’ve used Zynga’s products. Great stuff. If they continue to produce great software and games, financial statements should be robust. Despite the dump in today’s action, Zynga did raise some good money for future products. Let’s hope those young kids put the money in development of new products. I have faith they will. Too many tech compaines view the IPO as a end to their journey, and start “spending” instead of “investing”. Only the future can tell.

The future for Zynga can be a bright one if they play their cards right. They’ve done a great job so for. Before buying breakouts on this stock, I’ll let it punch out a nice pattern that has a low risk entry point. Tech is hot.

Video Lessons

Technical Analysis is the foundation of stock trading. With so many indicators and methods available, it can be hard to decide what exactly to study. Fortunately because of the internet we can now learn techniques used by the most successful stock traders. Watch Free Videos

Top Articles

Knowing which stock to buy is a trade secret most fund managers keep to themselves. We must first build a list of stocks to trade. With over 15,000 publicly traded companies in the United States, this can be quite a task for the individual who is learning to trade stocks or commodities. The key in choosing stocks that provide for robust breakouts that lead to large trends are stocks with growth...
Read More

The most money is made at the beginning of a bull market. Likewise by spotting turning points in the market, your timing in buying stock will be more precise. Before buying breakouts you must know what stage the market is in. The markets as a whole must be in a bullish phase... Read More

Most traders are familiar with a few chart patterns. It is essential to understand when and where to enter the trade when learning stock trading. Chart patterns are the most common starting point in trader education. Chart patterns are a form of technical analysis and can be found in short or longer time frames. Read More

Our Trading System

Breakout Theory is a market trading system that seeks the best trading opportunities. It produces the largest profit by capturing large trends in the financial markets. It is the ultimate stock trading strategy. Best of all it's FREE. By using technical analysis and select fundamental data, you can capture large gains in the stock market. This stock trading system is field tested and has been proven to minimize loss of capital and execute at times of premium risk reward scenarios... Read More

Connect With Us

Sponsored Content

The U.S. dollar rebounded on Thursday, recouping most of the ground lost in the previous session after the Federal Reserve jolted markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalize policy might be at an end.

Gold prices rose to a three-week high on Thursday, after the U.S. Federal Reserve abandoned plans to raise interest rates for the year, while a cut in its U.S. growth forecast exacerbated worries of a global economic slowdown.

The U.S. dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held U.S. interest rates steady and its policymakers abandoned projections for further rate hikes this year as the central bank flagged an expected slowdown in the economy.

Reccomended Reading

These are top stock market books of all time. A varied list from subjects ranging from technical analysis to legendary stock traders. Learn what it takes to make money. Uncover the truth about investing in the markets. See how professionals make money in a down market. Gain a true understanding of the markets. Hear about real life success stories. Learn about stock trading systems and more.
See Top 10 Books

Video: Market Update

The latest stock market action now. Keep up to date on what stocks are moving. Making money is about focusing on where the trading action lies. By using technical analysis and the latest trade technology we are able to spot when the next move may happen. The market is in constant flux, sectors fall in and out of favor. Trade only the most active stocks to ensure that you capture the largest of trends.Watch Now

Stock Trading Courses

Steve Nison is the authority in candlestick charting. He was the first to bring this powerful trading strategy to the western world. Candle stick charting is the industry standard. Every stock trader should be able to use this method in their strategy. Learn to spot market turns. Time your trades. Recognize buying and selling signals using candlestick charts.
Learn More